Why is the crypto market rallying?
- Bitcoin surges past $111,000 on Thursday, entering uncharted territory and triggering broad market optimism.
- The crypto market trades in the green on Thursday, with major altcoins like ETH, ADA, and SOL following BTC’s lead.
- CoinGlass data shows that over $500 million in leveraged positions were liquidated across crypto markets in the past 24 hours.
Bitcoin (BTC) soars above $111,000 on Thursday, entering uncharted territory and fueling a broad rally across the cryptocurrency market. With BTC now in price discovery mode, major altcoins like Ethereum (ETH), Cardano (ADA), and Solana (SOL) followed suit, pushing the overall market into the green. According to data from CoinGlass, the sharp move triggered over $500…
